NVIDIA (NASDAQ: NVDA) shares experienced a significant decline, dropping 17% in a single day and erasing approximately $590 billion from the company’s market capitalization. This downturn is attributed to concerns surrounding Chinese AI startup DeepSeek, which has developed a competing AI chip that could challenge NVIDIA’s dominance in the market.
As of February 12, 2025, NVIDIA’s stock is trading at $132.80, down 0.56% from the previous close.
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About NVIDIA Corporation
NVIDIA Corporation is a global technology company headquartered in Santa Clara, California. Founded in 1993, NVIDIA is renowned for its graphics processing units (GPUs) and has expanded into areas such as artificial intelligence, high-performance computing, and automotive technology. The company’s innovations are widely used across various industries, including gaming, professional visualization, data centers, and autonomous vehicles.
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